This would also be where an appraisal would be ordered in a traditional sale, but if using a hard money Lender, they have probably already evaluated the value before offering you terms.5.

Buy a lot and build a house for sale in 2026.

If it doesn't work, put it up for sale when the lease ends. 

I also don't like funds for the lack of transparency (no DCF, no rent comp, no sales comp, no sensitivity analysis etc) even if properties are already identified.

My biggest aim is to ensure that my long-term success aligns with whoever I invest with's long-term success instead of making their money on the upfront sale and leaving me on my own. 

There is not a taxable event to you on the sale.

I flew out and met their owner Ron, sales guy Eric, and some more of their office staff.

This is a sale for me.

However, most tend to get very watered down with sales pitches etc.  

Hey no sales no books or seminars to attend.